Americans across the country are already paying the price of (climate) inaction — in insurance premiums, state and local taxes, and the costs of rebuilding and disaster relief. … And what we’ve learned from Hurricane Sandy and other disasters is that we’ve got to build smarter, more resilient infrastructure that can protect our homes and businesses and withstand more powerful storms. That means stronger seawalls, natural barriers, hardened power grids, hardened water systems, hardened fuel supplies. So the budget I sent Congress includes funding to support communities that build these projects, and this plan directs federal agencies to make sure that any new project funded with taxpayer dollars is built to withstand increased flood risk. — President Barack Obama, June 25, 2013, speech at Georgetown University